Berita Arkib

Malaysian palm oil futures fell on Wednesday, erasing gains from the previous session, as they tracked weakness in crude oil and U.S. soyoil prices.

KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high today as concerns over weak production continued to lift sentiment. The benchmark palm oil contract - December 2021 - jumped RM140 to RM4,595 a tonne.

SINGAPORE, Sept 30 (Reuters) - Malaysian palm oil futures hit a record high on Thursday, and marked its third straight session of gains, after exports of the edible oil surged and as it tracked rival oils elsewhere.

The Minister of Trade, Industry and Investment, Niyi Adebayo, has announced plans by the Federal Government to collaborate with investors to implement backward integration programme across key selected priority products.

ISLAMABAD, (UrduPoint / Pakistan Point News - 30th Sep, 2021 ) :Soyabean oil import into the country during first two months of current financial year reduced by 42.15% as compared the imports of the corresponding period of last year.

An oversupply of biodiesel in Brazil is likely to push prices lower at an October auction, the country's last, that will cover market supply in the last two months of the year.

On Thursday, the CME Group’s farm markets finish mostly lower. In its September Quarterly Grains Stock Report, the USDA pegged soybean stocks higher than the trade expected. Plus, in a separate report, the USDA revised upward the U.S. soybean 202/2021 production by 80.0 million bushels

KUALA LUMPUR (Sept 29): Malaysian oil palm plantations are in urgent need of foreign labour as there has been a shortage of 75,000 foreign workers since last year.

MALAYSIA may not be able to achieve the 20 million tonnes crude palm oil (CPO) target this year if the 75,000 foreign workers shortage is not addressed, the Malaysian Palm Oil Council (MPOC) said.

Malaysian palm oil futures fell on Wednesday, erasing gains from the previous session, as they tracked weakness in crude oil and U.S. soyoil prices.

On Wednesday, the CME Group’s farm markets move higher. At the close, the Dec. corn futures finished 6½¢ higher at $5.39. March futures finished 6½¢ higher at $5.47. May corn futures ended 6¼¢ higher at $5.51. November soybean futures closed 6¾¢ higher at $12.83.

SINGAPORE, Sept 30 - Malaysian palm oil futures rose for a third straight session on Thursday, helped by strength in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade.